Business

The Ascott wins at the Golden Dragon Awards

Released at: 14:25, 31/03/2015

The company takes home the prestigious award for the eighth time.

by VET

The Ascott Limited, a serviced residence business operating as a subsidiary under CapitaLand, has won the prestigious Golden Dragon Award for Best Serviced Residence. The awards honour top foreign enterprises that have made significant contributions to Vietnam's economic development, and recognises outstanding achievements in brand, service and management excellence. This is the eighth year that the company has taken home the award.

This year, the Golden Dragon Awards recognised 71 companies in Vietnam from a range of industries including insurance, education, financial services, healthcare, real estate and agriculture.

"Ascott is very proud to have emerged among thousands of foreign companies in Vietnam to be the first Singapore-based international serviced residence company to receive this prestigious award." said Ms. Lew Yen Ping, Ascott's Area Manager in Hanoi.

Ascott is the largest international serviced residence owner-operator in Vietnam and also one of the pioneers of the industry in Vietnam. Since the opening of its first property in Vietnam – Somerset West Lake in 1994, Ascott has established a strong foothold in Vietnam with more than 2,000 apartment units across four major cities – Hanoi, Ho Chi Minh City, Hai Phong and Da Nang. Besides Somerset Central TD Hai Phong City which was recently soft opened in January 2015, Ascott operates three properties in Hanoi – Somerset Grand Hanoi, Somerset Hoa Binh and Somerset West Lake with a further five properties in Ho Chi Minh City – Somerset Chancellor Court, Somerset Ho Chi Minh City, Somerset Vista, Vista Residences and Diamond Island Luxury Residences.

The company will be opening more properties in Vietnam including Somerset West Central Hanoi, Somerset Danang Bay and Ascott Waterfront Saigon in 2016. "We have established excellent working relationships with our partners, and built a strong brand and corporate reputation here," said Ms. Lew. "This award inspires us to do even more in defining global living as we continue to seek opportunities to expand our presence in the country."